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BUSINESS LOANS MSES
RBI directs banks, other lenders not to levy pre-payment charges on biz loans to individuals, MSEsThe Reserve Bank of India has issued new directives. Banks cannot charge pre-payment fees on floating-rate loans. This applies to individua...
RBI proposes to do away with pre-payment levy on business loans taken by individuals/MSEsThe RBI has proposed eliminating foreclosure charges or pre-payment penalties on all floating rate loans for individuals and MSEs, includin...
No foreclosure, pre-payment charges on loans to MSEs"While positive for customers, the RBI's move will have a negative impact on the profitability of lenders, and could also potentially incre...
New strategy to revive MSMEs mootedThe CIA and its 50 partner-SMB associations conducted a survey in June last that covered the plight of over 8,100 self-employed and micro/s...
Sellers not sharing local content amount will be unable to do business on GeM: GovtThe commerce and industry ministry said that now it is mandatory for all sellers to upfront declare the Country of Origin without which the...
SAFE and SMILE, two SIDBI schemes that can help you raise money during Covid-19Finding money and funding for your business has become very difficult. However, two SIDBI schemes can provide some succor.
Nearly 80 pc MSEs hit as economic activities come standstill amid COVID-19: SurveyThe survey showed that five out of 10 businesses would run out of their working capital within two months and they will depend on loans fro...
Mudra NPAs no issue: Financial services secretary Rajiv KumarThere are 29.972 million loan accounts with Rs 1.51 lakh crore disbursed under the PMMY.
Concerns on credit supply to small businesses a myth: SBI reportThe SBI report pegged the share of credit from NBFCs at 10 per cent of the overall MSME pie.
Three years on, bank credit to MSEs continue to shrinkIn the first seven months of the current fiscal (up to October 26), outstanding loans to MSEs have come down by Rs 8,800 crore to Rs 3.64 l...
Why being GST-compliant can actually increase your creditworthinessEven though creditworthiness of an individual loan applicant is one of the prime factors gauged by lenders, India has a long way to go when...
- More steps needed for credit, technology availability to MSEs
There is a need to take more steps to provide easy loans to micro and small units with the help of private and public-sector banks, the MSM...
- More steps needed for credit, technology availability to MSEs
There is a need to take more steps to provide easy loans to micro and small units with the help of private and public-sector banks, the MSM...
- 'Need more venture investment in SMEs'
Last week, a task force on MSMEs presented a report to prime minister Dr Manmohan Singh, highlighting its recommendations on various issues...
- Making banking easy for MSEs
KV Subbarao, CEO, BCSBI, speaks about the new ‘Code of Bank’s Commitment to Micro and Small Enterprises’. Excerpts from the interview.
- MSME ministry seeks easier bank credit
Busy writing off farm loans, the finance ministry seems to have overlooked a key goal that would benefit the aam admi -- making credit avai...
- FM asks banks to free MSEs from clutches of money lenders
Making a strong case for freeing micro and small enterprises from the clutches of private money lenders, Finance Minister P Chidambaram tod...